Do you believe in destiny? Or do you believe only in luck? Good fortune is a mixture of multiple things such as sheer determination, luck, destiny, persistence, hard work and consistency. The result is what we call “privilege.”
Let’s go deep into finding out about the most privileged people and countries of the world. Have you heard about OECD (Organization for Economic Cooperation and Development)?
They are responsible for collecting data based on specific predetermined parameters from hundreds of nations of the world. This information is included in a study to determine the global position of the countries. Information collected is from all the OECD member countries and more countries such as Brazil, India, Bulgaria, Argentina, Singapore, South Africa, and Russia.
As of 2021, the list of the most privileged countries includes top position holders like Switzerland, Canada, Netherland, Norway, and Australia. However, there have been some remarkable improvements, and many new countries have been noted to be amongst the fastest nations to reach the list of the most privileged countries of the world. They include:
● Denmark: The gap between rich and poor defines a country’s success inequality terms. How wonderful it is to know that only 0.26 income inequality exists in this country. Social mobility stands at 85.20.
● New Zealand: It stands at a total score of 76.41. The working environment helps an individual grow and be happy, so the quality of the working environment should be appropriate.
● Spain: When it comes to safety and health, the score is 98.27, making Spain a world leader in this space.
You may have got an idea of the main parameters on what basis we have evaluated the rankings.
● Career Opportunities
● Liberty and life satisfaction
● Health and safety
These four are the major factors, but these factors consist of several other sub-factors. These sub-factors include social mobility, the population in tertiary education, quality of the working environment, unemployed youth, human rights index, passport strength index, gender equality, life expectancy, adults’ median wealth, for a total of 19 categories.
Calculations and scoring
You may be pondering over the thought of how these rankings are created. The calculations and estimations are done by incorporating all the relevant factors. A normalization formula is used: the most privileged nation is given a score of 100, and the least privileged are given a score of 0. Remember that no list is ever constant. The top ranking nations may change next year. It is all about how these nations are evolving based on the scenarios around them.